7 top Dallas wealth management firms (2024)

Choosing someone to manage your wealth is often a daunting task that can affect the growth and longevity of your wealth. The process may be intimidating, the terminology confusing and the pressure to purchase specific products or make certain investments crippling. Not to mention the hidden fees and commissions that can seemingly pop up out of nowhere.

Choosing the right person and firm to manage your assets is essential to your family’s financial well-being. We’ve created a list of the best wealth management advisors in Dallas to help remove some of the pressure and confusion.

1. Wealth Partners Alliance Family Office - Dallas Wealth Management Firm

This firm, formed in 2021, is a newer addition to the Dallas area. However, the advisors at this independent RIA firm (and its sister firm, Wealth Partners Alliance) are among the most experienced professionals in the industry and are ready to help meet all your financial needs.

Founding Partner Tyler Beeson graduated from the University of Arizona Business School and also has his MBA in finance. He wanted to expand his learning to go above and beyond for his clients, so he pursued additional education to become a Certified Financial Planner, Certified Investment Management Analyst and Chartered Private Wealth Advisor.

Tyler has used his vast knowledge to help his clients navigate tough market conditions during his more than 22 years in full service wealth management. Throughout his career, Tyler Beeson has always aimed to help his clientele and his family with all aspects of wealth management in the way he would want it done himself.

Prior to founding this firm, Tyler earned his experience at large Wall Street firms, RIA firms and big banks. At one point in his career, Tyler was named Barron’s Top Private Banker, with over $4.3 billion in assets under management, in addition to being selected for D Magazine’s Best Financial Planners and Wealth Managers in Dallas list multiple times. His clients range from some of the wealthiest families in the country to pro athletes and entertainers. The Wealth Partners Alliance Family Office was founded with the intention to combine the best attributes of the big firms in a client-friendly boutique format to provide white glove service along with comprehensive, sophisticated wealth management. However, you won’t experience the abundance of conflicts of interest and “cross selling” sales initiatives you might encounter with these larger firms. Instead, their goal is to simplify the lives of their clients, giving them their time back while making sure nothing falls through the cracks.

This firm stands out from its competitors because of its ultra-sophisticated investment management capabilities paired with full-service financial planning and client-centered office feel. The WPA Family Office offers only fee-based advice with no commissions and no conflicts of interest. Unlike the bigger firms, there are no products to sell and no public shareholder interests to prioritize, so the firm;s interests are completely aligned with their clients’, making for a powerful wealth management offering.

Services Offered: Investment management, private equity, tax planning, financial planning, estate planning, private banking, managing business and personal cash flows and risk management. Fees are competitive for the level of expertise, and a $1MM required minimum provides access to many.

Visit Wealth Partner Alliance Family Office’s Site

2. Tolleson Wealth Management - Dallas Wealth Management Advisor

Tolleson Wealth Management, which opened in 1997 as a single family office, was started with the sole purpose of managing the founder’s own family wealth. Over the years, it has grown into a multi-family office. This firm works to understand their client’s individual needs and values and aspires to deliver comprehensive solutions. Their philosophy is to simplify, not sell, and they utilize a family lens, a custom approach and skilled execution across many services.

Services Offered: Wealth management and financial planning, family engagement, investment management, tax and bookkeeping services, trusts and estates, private banking and philanthropy services. Charges full fees for all of their in-house services, and requires a rather high $20MM client minimum.

Visit Tolleson Wealth Management’s Site

3. RGT Wealth Advisors - Dallas, TX Office

RGT Wealth Advisors place a strong focus on their client relationships and provide detailed,individualized wealth advisory services as well as portfolio management services.

RGT Wealth Advisors was formerly a privately held advisory firm, but a majority sale to public company CI Financial in 2020 will lead to some upcoming changes and potentially complicated shareholder profitability interests. However, they are currently still a fee-only firm, which means they don’t receive commissions. This allows the firm to remain relatively free of conflict of interests and paves the way for them to align with your interests.

Services Offered: Wealth advisory services, portfolio management and financial planning for a required fee for clients with a $5MM minimum.

Visit RGT Wealth Advisor’s Site

4. Level Four Advisory Services - Private Wealth Management Firm in Dallas

Level Four Advisory Services is an independent wealth management firm in Dallas with a focus on delivering objective and proactive advice. This firm has been in business for more than 18 years, and the team has decades of collective expertise. Level 4 Advisory Services utilizes a team-based approach, allowing your different financial needs to be handled by specialists in those specific areas.

This firm operates on four levels of client service. The first is Organize, where the advisors discover your needs and goals. The second level is Create, where they create a customized plan to achieve those goals. The third level is Plan, where the firm plans next steps. Finally, the fourth level is to Communicate, where your advisor communicates the results and next steps.

Services Offered: Financial planning, asset management, business services, risk management and corporate retirement planning.

Visit Level 4 Advisory Service’s Site

5. CH Investment Partners - Private Dallas Wealth Management

CH Investment Partners is a firm with more than 25 years of experience helping people manage their wealth. This firm believes in customized portfolios coupled with individualized service. CH Investment Partners utilizes a cooperative approach in their firm. Their strategy is to discover needs, create a plan, implement the strategies and, finally, monitor and report.

Services Offered: Global equity services, hedge funds, private equity and direct investments, opportunistic investing, real estate, fixed income services and advisory services.

Visit CH Investment Partners Site

6. Southern Wealth Management - Dallas Office

Southern Wealth Management is an investment advisory firm that was founded on the belief of beginning with the end in mind. Southern Wealth Management works to match your needs to a solution. They believe that planning is a daily behavior, so they continually monitor your portfolio and shift their plans to match the goals and needs of your family. They also believe that wealth management needs to be relevant to all family members, not just the immediate client.

Southern Wealth Management believes in fair pricing and utilizes a teamwork approach to provide comprehensive care. Most of the firm’s clients are long-term clients, allowing them to highly personalize the service and expertise they provide.

Services Offered: Financial and estate planning, business succession planning, tax consulting and filing of returns, investment portfolio design and management, life insurance portfolio design and management, philanthropic planning and management and family office services.

Visit Southern Wealth Management’s Site

7. True North Advisors - Dallas, TX

True North Advisors operate with a goal of providing customers trustworthy advice by delivering complete transparency, objectivity and an absence of a conflict of interest. The advisors at this firm believe in a disciplined, long-term approach and dimensional wealth planning. You can be confident in their recommendations knowing they invest their own personal capital in the exact same investments.

The advisors at True North have big firm experience, but they left due to the abundance of conflicts of interest and sales pushes present in these firms. They believe in personalized services, so all investments go through an investment committee that allows clients to receive the best advice for each aspect of wealth management rather than just the thoughts of their assigned advisor.

Services Offered: Family philanthropy, multi-generational planning, tax strategies, business exit planning, disruption readiness, equity services, fixed income management and investment management.

Visit True North Advisor’s Site

We hope this list has made it easier for you to decide between the top Dallas wealth management firms. Here are some additional factors to consider when making your choice:

What are some important considerations when choosing a wealth management firm in Dallas?

• As with any individual or business you decide to use, you want to make sure your wealth management advisors understand you. Make sure they take the time to find out about your needs and that they really understand what you’re looking to achieve.
• Take note of the services they offer. Make sure the firm is able to handle all aspects of your goals, not just part of them.
• Understand their investment approach and decide whether the approach resonates with you and your beliefs. Are they operating reactively or proactively?
• What is the firm’s competence and experience level? Do they possess the skills and portfolios adequate for your needs?
• Find out how they are paid and whether that changes with the amount of wealth you have. Make sure there are no conflicts of interest, since you want your advisors and firm to be working for you and aligned with your interests and needs.

What is the difference between “fee-only” and “fee-based”?

A fee-only advisor makes their money only through the fees paid by the client. This could be based on either a percentage of the wealth the client has or could be a flat rate or hourly rate. A fee-based advisor makes their money from fees, but also from commissions or brokerage fees.

Fee-only advisors have no conflict of interest, since their only fees come from their clients. Fee-based advisors, on the other hand, may have conflict of interest, because commissions may be paid from the investment (or insurance or credit) provider as well as the fees paid by the client. We recommend discussing fees with the Dallas wealth management firms you may be considering.